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Sears Holdings to Buy 18.66m Shares at C$30-Shr from Pershing

Sears Holdings Corp. said it agreed to buy another 18.6 million shares of Sears Canada Inc. for C$30 each from Pershing Square Capital Management LP funds, or about 17.3 percent of the outstanding shares of Sears Canada. That will give Sears Holdings 97.3 million shares of Sears Canada, or 90.4 percent.

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